Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Nabors Industries Ltd (NYSE:NBR), where a total volume of 940 contracts has been traded thus far today, a contract volume which is representative of approximately 94,000 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 48.2% of NBR's average daily trading volume over the past month, of 194,860 shares. Particularly high volume was seen for the $120 strike call option expiring June 18, 2021, with 556 contracts trading so far today, representing approximately 55,600 underlying shares of NBR. Below is a chart showing NBR's trailing twelve month trading history, with the $120 strike highlighted in orange:
Tenneco Inc (NYSE:TEN) saw options trading volume of 11,672 contracts, representing approximately 1.2 million underlying shares or approximately 47.7% of TEN's average daily trading volume over the past month, of 2.4 million shares.
Especially high volume was seen for the $20 strike call option expiring July 16, 2021, with 1,763 contracts trading so far today, representing approximately 176,300 underlying shares of TEN. Below is a chart showing TEN's trailing twelve month trading history, with the $20 strike highlighted in orange:
And Cornerstone OnDemand, Inc. (NASDAQ:CSOD) saw options trading volume of 2,144 contracts, representing approximately 214,400 underlying shares or approximately 47.5% of CSOD's average daily trading volume over the past month, of 451,720 shares.
Especially high volume was seen for the $37.50 strike put option expiring August 20, 2021, with 790 contracts trading so far today, representing approximately 79,000 underlying shares of CSOD. Below is a chart showing CSOD's trailing twelve month trading history, with the $37.50 strike highlighted in orange:
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